Recreational pot eclipses medical pot in Colorado
DENVER (AP) — Colorado is now selling more recreational pot than medical pot, a turning point for the newly legal industry.
Tax records released by the state Department of Revenue on Wednesday showed that the state sold $29.7 million worth of recreational marijuana in July, the most recent data available. That was slightly higher than the $28.9 million worth of medical marijuana sold in June.
Colorado has many more medical pot shops than recreational pot shops, which are open to all over 21. Colorado has some 500 medical shops, fewer than 200 open to all adults.
Since January, Colorado has reaped more than $37 million in taxes from marijuana. That figure includes taxes, licenses and fees from both medical and recreational pot.
Colorado pot tax receipts: http://1.usa.gov/1opFKS9